PayPal Will No Longer Protect Your Crowdfunding Cash

PayPal is changing its purchase protection rules to reflect increasing risks associated with crowdfunding. The new language, which will go into effect in June, state that “payments on crowdfunding platforms” will no longer be eligible for Purchase Protection.

The move reflects two interesting trends. First, it shows that crowdfunding is going strong in entirely new populations and this popularity is bringing new customers to the fray. These customers are clearly getting upset when crowdfunding projects fail and are actively trying to grab their cash back when it happens.

Not only does our e-newsletter highlight NextBillion's top articles, jobs and events, we also offer regular ticket giveaways to some of the key conferences in social impact – we've given away over $30,000 in tickets so far. Subscribe today!

No Thanks

Thank you for signing up to receive the NextBillion Notes newsletter.

We respect your privacy. Your information is safe and will never be shared.